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ACCA Corporate and Business Law (LW) 2024 past questions and answers

This 2024 ACCA Corporate and Business Law (LW) set has 20 practice questions. Try these 5 free sample questions, tap a question to reveal the answer and explanation. Then practise the whole 2024 set with instant marking.

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Sample ACCA Corporate and Business Law (LW) 2024 questions

1. A dispute between two businesses concerns a substantial unpaid commercial debt. The claimant issues proceedings and the matter is not a small claim. Which court is most likely to hear the case at first instance?
  1. The Crown Court
  2. The County Court
  3. The Court of Appeal
  4. The Supreme Court

Answer: B. The County Court

The County Court hears most civil claims at first instance, including debt disputes. The Crown Court deals primarily with serious criminal cases, while the appellate courts do not usually hear a claim initially.

2. In a contract appeal, the Court of Appeal identifies a legal principle that was necessary to its decision. A later County Court judge hears a materially similar case. What is the effect of that principle?
  1. It is binding on the County Court if relevant
  2. It is only persuasive because it came from a civil case
  3. It is binding only if the later judge agrees with it
  4. It has no effect unless the Supreme Court confirms it

Answer: A. It is binding on the County Court if relevant

The ratio decidendi of a Court of Appeal decision binds lower courts, including the County Court, when the legal issue and material facts are relevant. A lower court cannot decline to follow it merely because it disagrees.

3. A shop displays a laptop with a price label of £500. A customer takes it to the till, but the shop refuses to sell at that price, saying the label was wrong. Which statement best describes the display?
  1. It is an offer that the customer has accepted
  2. It is a counter-offer made by the shop
  3. It is generally an invitation to treat
  4. It is a binding unilateral promise

Answer: C. It is generally an invitation to treat

A display of goods with a price is generally an invitation to treat; the customer's presentation of the item is an offer that the shop may accept or reject. A price label alone is not ordinarily a binding offer.

4. Mira posts a properly addressed and stamped letter accepting an offer. The offeror receives it two days later. The offer did not exclude postal acceptance and post was a reasonable method. When is acceptance normally effective?
  1. When the offeror reads the letter
  2. When Mira posts the letter
  3. When the letter is delivered
  4. Only when the offeror acknowledges it

Answer: B. When Mira posts the letter

Under the postal rule, where it applies, acceptance is effective when the letter is posted, not when it arrives or is read. The rule can be excluded by the offeror or be inapplicable where post is not a reasonable method.

5. A buyer tells a seller that a machine is required for a specific production process. The seller recommends a model, and the buyer relies on that recommendation; the model is unsuitable for the stated process. Which implied term is most directly relevant under the Sale of Goods Act 1979 for a business sale?
  1. The goods must be of satisfactory quality only
  2. The goods must be fit for the particular purpose made known
  3. The buyer must inspect all goods before purchase
  4. The seller must provide a written guarantee

Answer: B. The goods must be fit for the particular purpose made known

Where the buyer makes a particular purpose known and relies on the seller's skill or judgment, the goods must be reasonably fit for that purpose. Satisfactory quality is a separate implied term and does not alone address this disclosed purpose.

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